Dealers are required to disclose damage repairs that exceed what amount?

Dealers are required to disclose damage repairs that exceed $3,000 because this threshold is designed to ensure that consumers are informed about significant damage history that could affect the value, safety, or overall performance of the vehicle. This regulation is put in place to maintain transparency and protect consumers from potentially poor purchasing decisions based on undisclosed damages. By setting a specific limit, it provides a clear guideline for both dealers and consumers, helping to foster trust in the transaction process. Adhering to this requirement is crucial for compliance with industry regulations and for promoting fair practices within automotive sales.